Groupama Asset Managment Makes New $3.27 Million Investment in Quanta Services, Inc. $PWR

Groupama Asset Managment purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the third quarter, HoldingsChannel.com reports. The fund purchased 7,901 shares of the construction company’s stock, valued at approximately $3,274,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PWR. Darwin Wealth Management LLC acquired a new position in Quanta Services during the 2nd quarter valued at about $26,000. Activest Wealth Management raised its stake in Quanta Services by 94.1% in the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after buying an additional 32 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in Quanta Services in the second quarter worth about $38,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of Quanta Services during the third quarter worth about $38,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

PWR has been the subject of several research analyst reports. Wolfe Research increased their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. B. Riley Financial boosted their target price on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Truist Financial reaffirmed a “buy” rating and issued a $643.00 price target (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Stifel Nicolaus set a $647.00 price objective on shares of Quanta Services in a research note on Monday, February 23rd. Finally, Evercore reissued an “outperform” rating and set a $604.00 price objective on shares of Quanta Services in a report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $576.55.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $577.09 on Friday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $583.73. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. The company has a market cap of $86.34 billion, a PE ratio of 84.87, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The company’s 50 day moving average is $515.67 and its 200 day moving average is $457.74.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, beating the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.